Nickel Trend Today Technical Analysis for 05-11-2019 18:00:05

by wealthmann

November 5, 2019

24

In 1 hour chart Nickel price continues to trade at 1168.3 and below the (Exponential Moving Average)EMA200 value of 1206.75 and keeps its stability below until now, while 1 hour MACD Of 12,26,9 is in Buy mode. Therefore, we will keep our Sell overview conditioned by the price stability below

However, if Nickel continues to trade below level, that could be an extraordinarily Bearish sign for Nickel

Even so, the 200-candle Exponential moving average (EMA) price range of 1206.75 is proving a tough nut to crack.

Pivot (invalidation): 1181.67

Our preference: Long positions above 1191.83

Alternative scenario: Below 1163.83 look for further downside.

Support Resistance Levels For Nickel Today at 05-11-2019 18:00:05

Pivot: 1181.67

Resistance 1: 1191.83

Resistance 2: 1209.67

Resistance 3: 1219.83

Support 1: 1163.83

Support 2: 1153.67

Support 3: 1135.83

Yesterday High Low Close For Nickel

Yesterday High: 1199.5

Yesterday Low: 1171.5

Yesterday Close: 1174

Today at 05-11-2019 18:00:05 Nickel trading at 1168.3 with high of 1176.7 and low of 1167